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The company is optimistic about the product sector and the long range two newbuildings with exhaust gas cleaning systems installed will put them in a good position to capitalise on the market
Basic supply-demand balance has reached a tipping point in the product tanker market and IM0 2020 is just the icing on the cake, or perhaps several layers of icing on the cake, Stifel says
Double 36-month charter with anonymous oil major will generate a minimum of $33m in gross revenues
Hafnia shareholders have to approve a merger plan that would give them common shares of par value $0.01 for each BW Tankers share
Nascent recovery in product tanker market will be put to the test in 2019
The shipowner completed a trip between Rotterdam and Tallinn on CO2-neutral biofuel without any problems
The new company will control 68 crude and product tankers and will be led by Diamond S’s management team
Tonne-mile demand for the shorthaul trade remains robust despite political events, especially for MR2 vessels
BW Group raised its stakeholding in Hafnia to 43.5% in July
Danish owner remains a strong performer but is not immune from general spot market weakness
Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output
Pacific MR basket rate stays above $10,000 per day while Atlantic trades are weak on both European and US Gulf fronts
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